Special Purpose

Assisted living: A new avenue for SBA 504 lending

The country’s aging population, increased consumer demands and advances in medical care are driving current trends in suburban medical space development. As a result, we’re seeing an increase in SBA 504 lending for assisted living facilities and owner-occupied medical facilities and there are some common trends emerging.

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Historic Carmel Green Lantern Inn changes hands

“The main reason I bought it was the chance to put my fingerprints on it” Amrish Patel said of his newly purchased Green Lantern Inn in Carmel-by-the-Sea Calif. “We’re making improvements but maintaining its charm.”

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TMC Financing provides SBA 504 loan for Rush Creek Lodge

“There were so many reasons for the banks to say no,” Rush Creek owner Lee Zimmerman said. “Non-flagged, ground-up construction in a remote area, needing all of its own infrastructure, coming out of the economic recession and after the Rim Fire. Without the SBA piece from TMC, we couldn’t have gotten this done. Banks would not have been comfortable financing this deal.”

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TMC provides financing for Quality Inn franchise

TMC Financing provides unlimited funding through SBA 504 energy-efficiency program TMC Financing today announced Shailendra “Sam” Devdhara financed the purchase of the 69-room Quality Inn & Suites Silicon Valley Santa…

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